Saturday 17 October 2026 Export MUX’s income statement to Excel — free account

McEwen Inc.

MUX Basic Materials Other Precious Metals & Mining

McEwen Inc.’s revenue for fiscal 2025 (year ended December 2025) was $197.6 million, up 13.2% from fiscal 2024. In the quarter to June 2026, revenue grew 26.8%, EPS grew 166.7%, free cash flow grew 328.1% and total debt was flat, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three; insiders bought in the last twelve months.

16.24 0.03 +0.19%

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Market cap: $994.6M
P/E: 11.9×
Fwd P/E: 13.5×
Dividend yield: —
F-score: 6/9
Altman Z: 0.33
Beneish M: −2.64
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.02

Total sells 0.06

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	1	—	—	—	—
Sell	—	—	—	—	—	—	—	1	—	—	—	—

Insider Ownership 15.00%

Capital & Financial Ratios $m

Market Cap 994.62

Revenue 248.44

Net Income 80.65

Free Cash Flow 6.34

Net Debt 34.86

Current Ratio 2.04

Debt/Equity 0.18

P/E ratio 11.85

Fwd P/E 13.50

P/S ratio 3.92

P/B ratio 1.38

Past 5Y EPS Growth —

This Y EPS Growth 50.66%

Next Y EPS Growth 132.05%

Next Y revenue growth 27.21%

Next 5Y EPS Growth 62.92%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 43.75%

10-year low 10-year high

P/B against its own 10 years 68.19%

10-year low 10-year high

EV/Sales against its own 10 years 44.08%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2022	Powerpack
2021	Powerpack
2020	Powerpack
2019	0.05	0.05
2018	0.10	0.05 0.05
2017	0.10	0.05 0.05
2016	0.10	0.05 0.05

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	25	15	72	92
Receivables	8	8	9	11
Inventory	20	18	27	27
Other	—	—	—	—
	53	41	108	130

	2023	2024	2025	Q'26
Payables	23	28	45	41
ST’ Debt	—	—	—	6
Other	5	14	15	15
	30	48	64	64

Compound Annual Growth %

	10y	5y	3y
Sales	10.47%	13.52%	21.40%
Cash Flow	(7.88%)	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	2.70%	8.38%	15.31%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	74	59	—	—	—
’25	36	47	51	65	198
’24	41	47	52	34	174
’23	35	34	38	59	166
’22	26	31	26	28	110
’21	24	41	37	35	137
’20	31	18	27	28	105

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	12	46	—	—	—
’25	(2)	0	5	3	7
’24	4	4	23	(1)	29
’23	(19)	(34)	(2)	16	(40)
’22	(16)	(37)	(10)	6	(57)
’21	(10)	2	(11)	(1)	(20)
’20	(12)	(8)	(5)	(3)	(28)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(2)	21	—	—	—
’25	(16)	(9)	(6)	(7)	(38)
’24	(1)	(3)	4	(14)	(14)
’23	(24)	(38)	(12)	8	(66)
’22	(20)	(41)	(19)	(1)	(81)
’21	(20)	(8)	(19)	(7)	(54)
’20	(17)	(11)	(6)	(7)	(41)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.47	0.14	—	—	—
’25	(0.12)	0.06	(0.01)	0.66	0.59
’24	(0.41)	(0.26)	(0.04)	(0.15)	(0.86)
’23	(0.91)	(0.46)	(0.39)	2.90	1.15
’22	(0.40)	(0.26)	(0.21)	(0.79)	(1.71)
’21	(0.30)	(0.10)	(0.40)	(0.50)	(1.20)
’20	(2.50)	(0.50)	(0.20)	(0.60)	(3.80)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	9.65	18.20	16.80	10.20	5.30	8.00	2.81	5.39	5.92	6.38	Analyst estimates 2026–2028 Powerpack
	High	49.20	44.30	25.50	21.40	15.30	17.10	10.20	10.00	12.50	24.88
People
People	Employees	293	535	427	448	377	430	520	575	424	486
	Revenue/emp, $m	0.21	0.13	0.30	0.26	0.28	0.32	0.21	0.29	0.41	0.41
Income, $m
Income, $m	Revenue	60	67	128	117	105	137	110	166	174	198
	Gross margin, %	53.41	29.76	25.03	7.68	(25.72)	(4.75)	(0.49)	10.70	17.73	24.08
	EBT	17	(26)	(48)	(64)	(154)	(64)	(80)	67	(47)	7
	EBT margin, %	28.66	(38.54)	(37.17)	(54.34)	(146.69)	(47.02)	(72.71)	40.33	(26.79)	3.52
	Net income	21	(11)	(45)	(60)	(152)	(57)	(86)	33	(44)	34
	Depreciation	4	7	16	26	23	25	20	30	31	29
Per share, $
Per share, $	Revenue	2.02	2.15	3.80	3.23	2.60	3.00	2.33	3.50	3.42	3.66
	Earnings	0.70	(0.30)	(1.30)	(1.70)	(3.80)	(1.20)	(1.71)	1.15	(0.86)	0.64
	Cash flow	0.25	(0.88)	0.01	(1.09)	(0.69)	(0.44)	(1.19)	(0.83)	0.58	0.13
	Capex	(0.21)	(0.27)	(2.41)	(0.82)	(0.33)	(0.76)	(0.51)	(0.55)	(0.84)	(0.83)
	Free cash flow	0.04	(1.15)	(2.39)	(1.91)	(1.02)	(1.20)	(1.70)	(1.38)	(0.27)	(0.70)
	Book value	14.83	16.61	14.41	13.80	9.05	8.57	7.51	10.57	9.70	10.11
	Shares, m	30	31	34	36	40	45	47	48	51	54
Valuation, ×
Valuation, ×	P/E	47.00	0.00	0.00	0.00	0.00	0.00	0.00	6.20	0.00	31.37
	P/S	16.03	11.45	4.79	3.93	3.79	2.96	2.65	2.02	2.28	5.06
	P/B	2.19	1.48	1.26	0.92	1.09	1.03	0.82	0.67	0.80	1.83
	EV/Sales	15.32	10.83	4.94	3.94	4.08	2.92	2.85	2.12	2.47	5.38
	EV/FCF	721.30	(20.19)	(7.84)	(6.65)	(10.36)	(7.33)	(3.90)	(5.36)	(31.57)	(28.15)
Cash, $m
Cash, $m	Operating cash flow	7	(28)	0	(40)	(28)	(20)	(57)	(40)	29	7
	Capex	(6)	(9)	(81)	(30)	(13)	(34)	(24)	(26)	(43)	(45)
	Free cash flow	1	(36)	(81)	(69)	(41)	(54)	(81)	(66)	(14)	(38)
Balance, $m
Balance, $m	Working capital	58	49	23	43	8	33	(3)	23	(7)	44
	Total debt	—	1	51	50	51	54	64	40	40	126
	Net debt	(46)	(45)	17	1	30	(4)	23	15	25	54
	Shareholders’ equity	443	521	486	499	365	390	356	502	495	546
Returns, %
Returns, %	ROA	4.33	(1.95)	(7.42)	(9.57)	(26.93)	(11.06)	(15.38)	9.33	(6.61)	4.64
	ROIC	2.42	(3.45)	(5.86)	(7.98)	(24.23)	(10.41)	(15.73)	(19.57)	(6.08)	0.28
	ROE	4.89	(2.21)	(8.91)	(12.13)	(35.23)	(15.02)	(21.73)	12.88	(8.76)	6.61

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
TFPM Triple Flag Precious Metals Corp.	$6.3B	20.2×	18.6×	+78.73% (above 0%: growing)	+147.83% (above 0%: growing)	+3,469.10% (above 0%: growing)	72.03%	66.94%	Compare
PPTA Perpetua Resources Corp.	$2.3B	— (loss-making)	—	—	n/m	−1,165.90% (below 0%: shrinking)	0.00%	0.00%	Compare
SLSR Solaris Resources Inc.	$1.1B	— (loss-making)	—	—	n/m	−51.52% (below 0%: shrinking)	—	0.00%	Compare
MUX McEwen Inc.	$994.6M	11.9×	13.5×	+26.84% (above 0%: growing)	+166.67% (above 0%: growing)	+328.14% (above 0%: growing)	33.90%	13.01%
ASM Avino Silver	$881.5M	19.1×	15.6×	+22.85% (above 0%: growing)	+200.00% (above 0%: growing)	+106.43% (above 0%: growing)	48.42%	34.22%	Compare
MTA Metalla Royalty & Streaming Ltd.	$757.4M	— (loss-making)	79.7×	+93.84% (above 0%: growing)	n/m	+75.32% (above 0%: growing)	91.00%	44.37%	Compare
GORO Gold Resource Corporation	$526.7M	57.9×	— (loss-making)	+87.98% (above 0%: growing)	n/m	+55.36% (above 0%: growing)	29.51%	8.50%	Compare
ITRG Integra Resources Corp.	$488.9M	60.8×	—	+15.92% (above 0%: growing)	0.00%	+154.33% (above 0%: growing)	33.01%	20.06%	Compare
VOXR Vox Royalty Corp.	$346.1M	7.2×	12.3×	+122.56% (above 0%: growing)	n/m	+146.39% (above 0%: growing)	66.34%	123.61%	Compare
Median of peers	$819.4M	20.2×	17.1×	+83.36%	+147.83%	+90.88%	48.42%	27.14%

All 15 Other Precious Metals & Mining stocks →

McEwen Inc. (MUX) key facts

Strength: McEwen Inc.’s revenue for fiscal 2025 (year ended December 2025) was $197.6 million, up 13.2% from fiscal 2024.
McEwen Inc. (MUX) is an Other Precious Metals & Mining company in the Basic Materials sector, listed on the New York Stock Exchange.
As of October 16, 2026, MUX traded at $16.24, a market capitalization of $994.6 million.
Return on equity was 6.61% and debt-to-equity 0.18.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 0.33 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.